Advanced Nano Products나노신소재

Advanced Nano Products shows a sharp recovery in trailing profits but its share price is still well below its 52-week high.

The Seoul-listed maker of advanced materials for displays, semiconductors, batteries and solar cells reported trailing twelve-month revenue of ₩129.3B and net income of ₩15.4B through H1 2026, after a loss in 2024. The shares closed at ₩61,300 on 28 October 2026, up 73.4% over three months but down 16% over one year, and trade at a P/E of about 48.9.

What stands out

• Trailing operating margin is 8.2% and net margin 11.9%, but net income is well above operating income, so non-operating items or one-offs likely contributed; the data does not break this down.
• Full-year 2025 revenue was ₩111.7B, up 27.3%, with operating income of ₩4.7B, a 4.2% operating margin.
• Leverage is moderate: liabilities are 47.9% of equity, with ₩82.3B of borrowings against ₩73.2B of cash.
• Trailing free cash flow is ₩17.6B and ROE is 6%, while the dividend yield is only 0.4%.
• Recent filings are mostly insider shareholding reports, treasury share activity and convertible bond transactions; the only news item in the data is a single stock-pick article from Money Today.

What to watch

• The next half-year or annual results, to see whether the margin recovery holds beyond the trailing period.
• Further treasury share and convertible or warrant bond transactions, which could affect the share count and dilution.
• Foreign ownership has eased from 7.0% to 6.2% over 60 days while retail investors were net sellers over 20 days, and short-selling sits at 1.3% of shares.